Let's just take a moment to recognize that I had this move to 100k already charted in Sept....just roughed in. https://www.elitetrader.com/et/threads/bitcoin-price-thread-2-0.381192/
$200k/btc is 99.9988% probability of happening before 12/31/2025 below 50k/btc is 0.00001% probability of happening 2025 reminds me of 2017 remember in 2017 bitcoin was $1k in January, and only went to $2k in May 2017, look at your post below If 2025 copies 2017, $200k/btc in May, $1M/btc by December, and $2M/btc is the peak before crashing to $300k in 2026 https://www.elitetrader.com/et/thre...now-dont-be-stupid.309426/page-7#post-4460035
yeah after it completed the cycle it was time to forecast the correction which we are currently in before continuing on to new ath's.
With the bitcoin talk and MSTR down 50% I am looking to buy some options. Maybe the MSTR, Apr 04, 2025 340$ strike @ 6.5
A move to 300$ would be usual pullback. Thought about a move to 400$. But 33 DTE might be too short. I agree. Too far OTM. The delta is still 0.16448 though (1StDev) 400$ has a delta of 0.08855
MSTR at its highs was at a parabolic NAV much like where the NAV was at the lows recently. The sweet spot is higher but not that high. Hoping for that kind of valuation is going to be down the road when it cracks 150k or more. You sell your stock and own flies. Not there yet.